Key Quantitative Figures

The confirmed GST tax demand totals ₹3,365.15 crore, comprising:

  • Tax Demand: ₹942.18 crore
  • Penalty: ₹2,422.97 crore
  • Interest: As applicable (amount not separately quantified in this disclosure)

The period involved is from July 1, 2017 to March 31, 2022.

Dates of Action

  • Initial GST Order Receipt Date: February 05, 2025
  • Initial Intimation Date: February 06, 2025
  • Appeal Order Receipt Date: September 10, 2026
  • Disclosure Date: September 11, 2026

Parties Involved

  • Regulatory Authority: Additional Commissioner, CGST & Central Excise, Palghar Commissionerate, Maharashtra (initial order)
  • Appellate Authority: Commissioner (Appeals-III), CGST & Central Excise, Mumbai, Maharashtra (appeal order)

Financial Impact Assessment

The company explicitly states that "the said Appeal Order will have no adverse material impact on the financial operations of the Company."

Future Action

The company will contest the order "by way of an appeal before the GST Appellate Tribunal."